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The Latest Breaking News from Inflation

Does Ottawa's grocery rebate signal a shift to a broader guaranteed basic income?

The federal government’s latest budget included $2.5 billion towards a grocery rebate, a one-time GST credit available to low-income Canadians to ease the pressures of food price inflation.

The Conversation

Prices rises 'should start to slow down by the summer' says NI shopkeeper

Food inflation has been at around 19% over the past year adding further pressure to the Cost of Living crisis

Belfast Live

2023’s big battle: Inflation v Australia’s working poor

inflation and rising interest rates make Fair Work Commission's annual wage review a crucial decision as families face hip-pocket pain

The New Daily

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Are there brighter prospects than at the last IMF meetings? Only just

October saw the UK chancellor in the dock. Now the US’s Yellen will face flak over green subsidies and banking security

The Guardian - UK

Universal Basic Income does not cause inflation

The idea that a Universal Basic Income fuels inflation makes no economic sense

Newsroom.co.nz

Labour is still in thrall to the low tax regime championed by my friend Nigel Lawson

The key legacy of the former chancellor, who died last week, was to put the fear of god into the party’s leaders

The Guardian - UK

Biden took jobless rate to 3.5%, but for how much longer?

President Joe Biden keeps seeing good economic news and bad public approval ratings

The Independent UK

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Value Investing and Values-Based Investing Gain Momentum

Investors are looking for stocks that are underpriced, and more of them want to invest not just in value, but also in values.

Kiplinger

Cost of Easter rises in UK as inflation hits chocolate eggs and hot cross buns

Traditional roast lamb will also make a bigger dent this year as lamb and goat prices climb by 9.4%

The Guardian - UK

Why supply chain problems do not cause inflation

Though there is some correlation, it is wrong to say supply chain disruptions are a primary cause of inflation

Newsroom.co.nz

Jobs report hints that Fed policy is paying off – and that a 'growth recession' awaits

The latest jobs report is in, and the good news is Federal Reserve policy on inflation appears to be working. The bad news is Fed policy on inflation appears to be working.

The Conversation

Jobs Report Shows Pace of Hiring Slowed in March: What the Experts Are Saying

The jobs report showed the lowest level of hiring in more than two years.

Kiplinger

Government treating teachers in England with contempt over pay offer, says union

NASUWT general secretary says ministers ‘not serious about compromising’ in last month’s talks

The Guardian - UK

US adds 236,000 jobs in March as labor market weakens

March saw fewer jobs added to economy compared with February as effects of Fed’s interest rate increases are felt

The Guardian - US

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The Week

Will cost-of-living squeeze see an 'awful April'?

An extra £88 a month (£1,000 a year): that’s what millions of us are going to have to start paying this “awful April”, as people are calling it, said George Nixon in The Times. It will come in the form of rising bills for energy, phone, water, broadband and council…

Birmingham Post

Inflationary pressures hit breakfast as Ulster fry price soars by 20%

Ulster Bank's bellwether measurement for the agri-food sector reflects an increase in a range of food stuffs

Birmingham Post

NI Chamber: Business confidence soars as inflation pressures ease

An easing in energy costs has helped boost sentiment

Dublin Live

Department of Housing defends €1bn underspend and blames it on Covid-19, inflation and Ukraine war

Labour leader Ivana Bacik, meanwhile, suggested that the underspend indicated that Housing Minister Darragh O’Brien was “out of his depth”

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AAP

Gloomy global economy forecasted ahead of budget

Treasurer Jim Chalmers is warning of economic uncertainty with spiking global inflation and interest rates spurred by war in Ukraine ahead of the May budget.

The Independent UK

Are inflation pressures easing? Jobs report may offer clues

For more than a year, the Federal Reserve’s inflation fighters have been tightening their grip on the American economy with nine straight interest rate hikes

The Independent UK

Buenos Aires airport turns into unofficial homeless shelter

The Jorge Newbery International Airport in the Argentine capital has practically become a homeless shelter at night

Fortune

The economy has a ‘throat ache’ that ‘could get worse before it gets better,’ top economist warns

EY-Parthenon’s Gregory Daco is worried about a recession amid stubborn inflation, rising interest rates, and the banking crisis.

Kiplinger

IRS $80 Billion Plan Targets Taxpayer Compliance, Improved Service

The IRS unveiled its much-anticipated strategic operating plan detailing how the agency will spend $80 billion in funding allocated over 10 years under the Inflation Reduction Act.

McClatchy Washington Bureau

‘Total and complete disaster’: DeSantis takes rhetorical aim at Fed Chairman Powell

WASHINGTON — Ron DeSantis has found a new rhetorical target as he prepares for a potential presidential bid: Federal Reserve Chairman Jerome Powell.

Wales Online

City deal projects worth £1.24bn facing extra costs and potential delays as construction bills rise

All projects in Wales and further afield are being affected by inflation but the city deal projects are said to be going ahead as planned

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